Fast, frictionless finance with trusted tech partner

HES FinTech was founded in 2012 in Vilnius, Lithuania, by technical expert Ivan Kovalenko and revenue officer Dmitry Dolgorukov. Inspired by the fast-paced financial technology evolution, the co-founders promoted an array of custom software development services, then pivoted to a lending-as-a-service business model in 2018, recalled HES co-founder and CEO, Kovalenko.

"In 2012, we started HES to bridge the gap between old and new lending and to empower our customers with cutting-edge solutions," Kovalenko said. "We believe that lending software must reduce operating expenses, replace repetitive manual tasks with automation, and streamline front-to-back workflows."

Noting that HES FinTech has consistently provided fair and responsible financing, Kovalenko attributed the company's growth to 70 talented employees and an innovative product pipeline. He also cited the following historic milestones:

• 2017: Launched an AI-powered, automated credit decisioning platform.
• 2020: Gained ISO 27001 certification for software security and joined the Amazon Partner Network and Canadian Lenders Association.
• 2021: Introduced HES Core, a modular lending platform.
• 2022: Rolled out flagship product, HES LoanBox, a ready-made lending software solution.
• 2023: Garnered industry recognition, including a Faster Growing Software Products 2023 award from Software Suggest and a Rising Star 2023 award from Featured Customers.

Flagship product

Describing HES LoanBox as a revolutionary, agile, out-of-the-box lending software solution, HES FinTech representatives noted the platform leverages machine learning and artificial intelligence to automate loan application and management. By eliminating manual processing, the solution can help to optimize POS and in-house lending to the delight of small and midsize businesses and alternative lending organizations worldwide, they noted.

HES LoanBox provides customers with an array of features, the company stated, such as KYC, AI-powered credit scoring, payment processing and open finance integrations. These capabilities, they added, are further enhanced by trusted processing partners in HES FinTech's expanding network to ensure that HES LoanBox transactions are fast, frictionless and secure.

Company representatives went on to say that service providers that leverage HES LoanBox to facilitate a frictionless online loan application process have found the platform easy to customize and brand. For example, some partners integrate user-friendly loan calculators that display loan terms and attract prospective clients. And their customers, they added, can access the solution's landing page from any device for a seamless end-user experience.

Concierge-level service

Unprecedented customer service and deep lending experience are additional benefits that HES FinTech offers its partners, the company stated, adding that these core values help its growing partner network provide exceptional services and stay ahead of competitors.

HES FinTech also mentioned that among its partner benefits, HES FinTech provides end-to-end loan processing automation—backed by seamless integrations with third-party service providers—to facilitate a light, intuitive user interface. With these features in hand, representatives added, HES FinTech partners can fully launch a lending platform in approximately one-to-two weeks.

In addition to getting to market quickly, the company noted, HES FinTech partners receive lifetime security updates, mobile and web applications, flexible customization options and built-in dashboards, which improve customer lifetime value, benefiting all stakeholders across the lending ecosystem.

Expanded global reach

Kovalenko emphasized that ISOs and merchant level salespeople will find a reliable technology partner and custom lending solutions provider in HES FinTech. He invited payment enterprises to leverage the company's global footprint by integrating HES FinTech software directly into their processing services to expand global reach and attract an international clientele.

"HES FinTech is looking forward to expanding its partnership network further into the USA, providing local payment processing integrations to its customers," he said.

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